Student Loan Forgiveness: Supreme Court Strikes Down Biden’s Debt Forgiveness Plan
Student Loan Forgiveness: Supreme Court Strikes Down Biden’s Debt Forgiveness Plan
So we apparently decided that millionaires could get COVID loans forgiven and moved on, but regular folks can't get any student loan forgiveness.
Every day I'm more disappointed in my home country.
we didn't decide anything, the mechanism the elite put into our government to prevent true democracy once again worked for them and against us. Just like the Citizen's United case.
Abort the Supreme Court
somehow every kind of bank, business, and rich person can get tax breaks, and bail outs yet average middle class people can't get some help on their student loans.
That's because wealthy conservatives don't need student loans.
The SCOTUS is illegitimate at this point. Prepare for years of terrible decisions. Or, do what I'm doing. Expatriate. This shit's beyond saving during this lifetime.
It's been years of terrible decisions. They've been trying to build this Scotus config since Nixon and Reagan years, now they have it and everything people have been making fun of me for saying for 20+ years is happening. Ugh.
Expatriate
Where are you headed?
It's not much better in other places. Lots of us rely on being "better than the us" so as it slides, so do we, just a few meters behind.
Politicians need to actually feel concerned about how the people they are hurting will respond. Currently they know there will be nothing more than a few grouchy news articles and upset social media comments.
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We need to stack the supreme court ASAP.
Biden just said how he's against that because that would be politicizing the supreme court.
Thing is, you can't win by playing by the rules when your opponent is constantly cheating.
The supreme court has clearly ALREADY become politicized, it can't get that much worse than rich white guys buying a black justice to do their bidding, now can it?
I remain unconvinced the states had standing sue here. They were not affected parties
This is a terrible precedent. Some federal action might affect a company which might pay the state taxes at some point so the states get to sue now? That could apply to nearly anything the federal government does! This is a terrible ruling for so many reasons. Naked partisan hackery by the conservative judges. The court needs reform badly.
The American government is split into three branches. The legislative, the executive, and the judicial. The legislative makes the laws. Executive executes the laws. The judicial branch can repeal the laws or hear cases relating to law. The nine supreme Court justices are the judicial branch and are meant to decide if laws are invalid based on past history and intent. For example striking down slavery or Jim Crow laws. They sometimes stretch the definition to make it work which can be scheduled. For instance, roe versus Wade legalized abortion through a weird interpretation of the right to privacy. There was no actual law that allowed abortion. The supreme Court just enshrined it through their interpretation of previous laws. It's a simple majority system so as long as 5 vote for a decision, it becomes the decision of the court
They aren't even elected. They're appointed. For life.
Peak Democracy.
Spacifically, they're nominated by the President, and Congress votes to decide whether or not they're the new member of the Supreme Court
Basically, Biden presented a plan, but the Supreme Court argued that such a consistent debt relief plan needs congressional approval. Thing is, the Supreme Court leans heavily towards the conservative side and the Congress is split, so there is basically no chance to make debt relief a reality.
Which is so fucked. The supreme court shouldn't "lean" one way or another. They should interpret the laws and constitution and consider the merits of the letter vs the intent of the law, not give their own opinion on the matter.
I remember here in Canada, back in the days of Harper, just how many times conservative appointed judges struck down conservative laws because they were unconstitutional.
Whether they personally believe this or that shouldn't even matter at all.
Also most of their power is made up. Nowhere in the constitution does it say they have the power to reject laws and actions as unconstitutional. They just did it a long time ago and everyone went along with it.
This looks silly from an outside perspective:
IIRC the special thing about student loans in the US is that you cannot default out of them. So even if I go through bankruptcy, I will still owe this specific debt.
The obvious fix would be to deny student loans this special treatment.
I could imagine that this would also have a positive effect on the cost of tuition in the US, as the collection of these stupidly high debts would be far from guaranteed.
edit: spelling
The obvouis fix would be to deny student loans this special treatment.
Unfortunately we're not going to get this anytime soon. The Republicans are against it, and Biden was the one who introduced the bill making student loans work this way.
The obvious fix would be to deny student loans this special treatment.
The student loan industry is built on this exception, so eliminating it will be a big mountain to climb
dam so they paying back all the PPP money they stole used??
It should be Ilegal to pay for education
That's the dumbest thing I've read today
Cancel predatory loans, that lead to high tuitions, first...
Had a feeling this would happen unfortunately. I have a lot of student loans for my graduate degree and even if they would put the interest rate at something reasonable that would be so much better than the rates that are currently set
Disappointed, but it makes sense that decisions with such huge implications should be clearly made by the legislative branch, not just at the whim of some executive department.
yep. if something like debt forgiveness has a lot of bipartisan support, it should be an easy bit of legislation to pass.
It does have bipartisan support, this is repeatedly shown in polling. But it doesn't matter what voters want. The interests of capital will be served above all else because of decades of antidemocratic moves.
Antidemocratic moves like
The US is just an oligarchy at this point and it's getting harder and harder for me to stay optimistic about getting out of it.
It's kind of funny how dumb the democrats are. If they said: "give us Congress and the presidency next cycle and we'll pass this as a law" .. they likely easily win.
But nope they won't say that, they won't do that... Just plain stupid of them.
The democrat party and those in it are really bad strategists. And they're really bad at messaging. They don't fight back against republican shenanigans, they don't know how to push policy, and they waste opportunities so often.
Biden could have packed the court, like trump did, with Democrats (because apparently the supreme court is a blatantly partisan institution now). But he won't.
I'm a democrat, but I'm always disappointed by democrat leaders and their decisions.
The supreme court has WAY too much power for only consisting of 9 individuals.
Millennials and Gen-Z are going to remember this on election day.
GOP can't coast on Gen-X and Boomers alone
this is the kind of US-centric topic I don't want to see on main. a tragic story, yes, but not relevant to the instance, lemmy, or the fediverse as a whole, sorry.
Finally. Thank God we have a same court to balance out the white house.
unsurprising, it was basically judged as setting a horrible precedent from the beginning.
go into debt? you pay your debt. full stop, end of discussion.
want to change that? get congress to change how laws work
"A horrible precedent of slightly more affordable education.
Born into indentured servitude? Work it off."
These are poor defenses of the current US debt system.
Cases of precedent affect legislation.
That’s the thing: Congress provided for waiving and modifying student debt in at least two laws. Biden based this action off the HEROES Act of 2003. There is also broad authority to do so in the Higher Education Act of 1965.
Not sure why the HEROES Act was used this time around, but Congress provided for debt forgiveness nonetheless.
Not sure what the “horrible precedent” is with acknowledging that.
Agree and disagree. They put the cart before the horse on this one for sure. If we solve the problem of unaffordable education, then we can talk about forgiving the student loans of people who didn't get to benefit from the new system
Just forgiving the student loans of a seemingly random block of people makes no sense. The next generation and more importly the universities will expect us to do the same thing later. Guess what that means?
Schools will raise their prices even more and kids will take on even more debt. We can't just slap a bandaid on this and pat ourselves on the back
You mean like by passing a law to allow the Secretary of Education to cancel loans?
Why just student loans? Why not all loans?